• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Solana Nears $100 Billion Market Cap

user avatar

by Giorgi Kostiuk

2 years ago

Solana, known as the 'Ethereum killer,' is steadily moving towards joining the prestigious $100 billion market capitalization club.

Current Success of Solana

As of now, Solana's market capitalization stands at $96.8 billion, with the token experiencing a 1.3% increase over the past 24 hours.

Meme Coin Frenzy and Institutional Recognition

Earlier this year, Solana was at the center of a meme coin frenzy. Pump.fun, a Solana-based meme coin factory, logged $1.9 billion in volume over the past two weeks. The platform has issued over 3.1 million tokens, and total fees have surpassed 1.1 million SOL. In the U.S., Solana is gaining popularity among institutional investors, with several proposals for Solana-based ETFs, including one by VanEck.

The $100 Billion Club

Currently, only Bitcoin, Ethereum, and Tether have market capitalizations above $100 billion. Solana is likely to join this list soon. BNB and XRP were once part of this club but are currently valued below the required threshold.

"Ethereum killer" Solana is on track to join the prestigious "$100 billion club," according to Bitwise CEO Hunter Horsley.Hunter Horsley

With its ambitious plans and consistent growth, Solana could soon become part of the $100 billion club, solidifying its position among leading cryptocurrencies.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Ancient Ethereum Wallet Reactivated After 11 Years

chest

An old Ethereum wallet containing 2,000 ETH has been reactivated after nearly 11 years of dormancy.

user avatarDiego Alvarez

Arthur Hayes Highlights NEAR and Zcash as Key Privacy Assets

chest

Arthur Hayes highlights NEAR and Zcash as key components of his investment strategy in privacy-focused cryptocurrencies, predicting significant returns.

user avatarMaria Fernandez

NEAR Intents and Zcash: A New Era of Privacy in Crypto

chest

Arthur Hayes discusses the innovative capabilities of NEAR Intents in enhancing Zcash's usability for private transactions, allowing anonymous transfers of crypto assets.

user avatarKenji Takahashi

XRP Stuck in Consolidation as Market Awaits Direction

chest

XRP remains locked in a prolonged consolidation structure near the 135 region, showing little momentum in either direction since February.

user avatarRajesh Kumar

Chainlink Wallets Reach All-Time High as Big Money Interest Grows

chest

Onchain data reveals that wallets holding 100,000 LINK or more have reached a new all-time high, indicating increased interest from large investors.

user avatarMiguel Rodriguez

Chainlink Struggles Below $10 Amid Market Uncertainty

chest

Chainlink continues to face challenges in breaking the $10 resistance level as traders await a decisive market move.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.